Awesome Greenwich Couple Says, We Didn't Scam Anyone, We Took Profits AND Would Do It Again

The focus of the investigation is a couple who moved to Tokyo to
set up a new fund after being investigated by the SEC.

Legal charges aside, the couple sounds like a lot of fun.

They're trying really hard to escape charges from few years ago,
when the SEC investigated Janette and Jeff Stone for a "pump and
dump" penny stock scheme that made the Stones around a million
dollars.

The Stones, while living in Greenwich, operated a fund, the
Crescent Fund, out of a "virtual office" on Wall Street.
Basically, they paid $100 a month to have a company answer phone
calls and collect mail for them (the company sounds kind of like
this one).

The SEC investigated the Stones for earning $1 million by selling
shares of WebSky, a tiny San Francisco broadband company, after
first "pumping" up the stock price by sending mass emails entice
investors.

Jeff Stone

"We did nothing wrong," Stone
told Reuters. "We took profits and I would do it again, for
crying out loud."

And he's not letting the "expletive involving mothers" deter him.
He and his wife, Janette, moved to Tokyo a few years ago so that
they could start a new fund.

The couple runs the Wakabayashi Fund (worth
visiting just for the site's background music), out of their home
in Tokyo. The top two floors are their living quarters and the
first floor is a glass-encased trading floor. Stone works there
with around four young men.

Janette on the cover of Being A
Broad

He says it's perfectly legitimate.

"We're not underwriting securities. We're not going out and
handling private placements. We're not out there pounding 1,000
shares up Uncle Joe's ass."

"That's not what we do."

What they do is very interesting. He is brash and unapologetic,
and doesn't take crap from anyone.